Topic: What is the obstacle of Bitcoin？ - page 3. (Read 22448 times)
Lack of trust worthiness regarding decentralized systems or networks can be consider as a major obstacle and its decentralized nature which cannot change but it has become the main reason why most governments and other organizations specially in the businesses field don't trust to invest or to allow to continue expanding because no one is confidence enough to trust a digital currency specially a valuable one like bitcoin because there is no responsible party behind it and that is why I think it is a major obstacle for bitcoin even it is build nature
Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.
The main bitcoin obstacle is the regulation of the government in each country that is different, so that there are still many users who are worried that they will be considered illegal transactions.Besides that the constraints of the price are unstable, rising or falling very sharply so that small capital investors have fear.
The third is the image of bitcoin as a place for money laundering and funding for terrorists.
Government regulation is an obstacle for bitcoin. Without government regulation, merchant in many country must be wont accept bitcoin. If merchant afraid to accept bitcoin, its obstacle for bitcoin mass adoption. I think merchant is good entry if mass adoption want to happen
I don't think government regulation will be a problem.
There are a lot of other countries that banned Bitcoin but I don't think that is the main problem. You see, even if there are a lot of countries that still regulates or accepts Bitcoin, a lot of people still don't use it since most of the time they don't know what Bitcoin and cryptocurrency is or they do know what they are but they don't want to use them.
Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.
in other words some users see fluctuations as obstacles? it is precisely the wrong idea, I think they should know that fluctuations will continue to exist in the bitcoin market, and look at it as an advantage, not as a obstacle, because fluctuations can give you a big profit
1. the ecology is not complete
2. over price fluctuation
3. limited users group
4. big companies control
2. over price fluctuation
3. limited users group
4. big companies control
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
I don't think the price of bitcoin has been its obstacle but the main obstacle of bitcoin is the wrong knowledge and understanding people have about it. If people really have the right knowledge of bitcoin, they will be less concern about the change in its market price. Bitcoin and its blockchain network introduced a decentralized platform where people can determine the price they want to sell or buy bitcoin and this nature of its network is the cause of the changes in its price. People don't understand this principle regarding bitcoin. Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.
The main bitcoin obstacle is the regulation of the government in each country that is different, so that there are still many users who are worried that they will be considered illegal transactions.Besides that the constraints of the price are unstable, rising or falling very sharply so that small capital investors have fear.
The third is the image of bitcoin as a place for money laundering and funding for terrorists.
Government regulation is an obstacle for bitcoin. Without government regulation, merchant in many country must be wont accept bitcoin. If merchant afraid to accept bitcoin, its obstacle for bitcoin mass adoption. I think merchant is good entry if mass adoption want to happen
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
If the value of Bitcoin is stable, it will abandon from Crypto, and that will be its end. Venture investors choose Bitcoin because it has a very high price and a large degree of agitation that motivates the exchange of daily profits from traders. 
Agreed that some currencies need to be stable in value. however, I do not think the inventors of Bitcoin wanted it stable. If they did, they wouldnt have used the words Deflationary Currency for Bitcoin.
The idea behind the Deflation is so that Bitcoin does not lose its value against the inflating prices of good and services in the future. .
In my opinion, Bitcoin cant be a good Store of Value if the price continues to remain stable
The idea behind the Deflation is so that Bitcoin does not lose its value against the inflating prices of good and services in the future. .
In my opinion, Bitcoin cant be a good Store of Value if the price continues to remain stable
Bitcoin does not have any impregnable obstacle because it is working as it was intended to. The problem is with the mass adoption which is still not yet accomplished. Most of the governments are against the idea of Bitcoin and as such the people are bound to listen to them in the view of abiding the laws. But definitely, this issue with the governments will end one day and Bitcoin will meet the mainstream adoption.
Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.
The main bitcoin obstacle is the regulation of the government in each country that is different, so that there are still many users who are worried that they will be considered illegal transactions.Besides that the constraints of the price are unstable, rising or falling very sharply so that small capital investors have fear.
The third is the image of bitcoin as a place for money laundering and funding for terrorists.
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
We do not have enough education for the people in our society to become aware to what is bitcoin and that is the obstacle that the bitcoin currently facing. The mass adoption will not happen if many people are still not educated to what is bitcoin. the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
High volatility can be definitely point out as an obstacle for bitcoin progress because it makes majority of Organizations and clients hesitate to combine there businesses or make payments with bitcoin because in a little time it can do a big profit loss but we should know high volatility of btc is the main reason why many investors are attracted to invest in it and that is why even with many other obstacles from the out side world bitcoin still valuable but I agree that we need more stability when considering the price of bitcoin
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
The main problem in the bitcoin is the adoption and misinformation. There is a connection between adoption and the misinformation. There are people who are afraid to use and buy bitcoins because of the misinformation that keep spreading through internet. They are always thought that bitcoin is a scam or it is always using in illegal activities. 
Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.
It seems to me that there are no obstacles for Bitcoin, except for the regulation of prices by the states. I don’t know if these regulations are there or not, but this is the only thing that could prevent Bitcoin from following its development path.
Although if the state gives Bitcoin such conditions with full security and impossibility of price manipulation, then Bitcoin will have no obstacles at all.
This is only my opinion of course.
Although if the state gives Bitcoin such conditions with full security and impossibility of price manipulation, then Bitcoin will have no obstacles at all.
This is only my opinion of course.
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
Its an obstacle for using as currency but it is making more adoption and imagine if everyone in this world started to use bitcoin the value will get maximised so which causes the price to be more stable than now,just see positive and make the decentralised coin as our payment options.
I believe that one of the obstacles to bitcoin mass adoption and development is first its high volatility based on the nature of the crypto itself and second, absence of appropriate government regulations, so people feel that whatever happens with their funds, nobody will be there for them. That's my opinion as a newbie, don't be too judgemental
I think the obstacle of bitcoin is all the forks going on such as BitcoinSV and BCH. This is confusing new investors that go to Bitcoin.com to buy bitcoin when in reality its BCH they are purchasing.
Yes, the division and different ideology in the bitcoin community is biggest obstacle of bitcoin coupled with unending market manipulation by the whales. These are slowing bitcoin in many ways. 
If we want the cryptocurrencies to be accepted by all, then we need to develop appropriate laws that will regulate cryptocurrencies markets. These laws will have to eradicate market manipulations that so attract those who want to get rich quickly and discourage those who would like to use Bitcoin as a means of payment in daily life.
I agree that if we want Bitcoin to be accepted for use on a large scale, then its price should be relatively stable.
I agree that if we want Bitcoin to be accepted for use on a large scale, then its price should be relatively stable.
Users that are doing fraud may be consider as obstacle in bitcoin. Because of the likes of this people investors may not going to feel comfort in doing transactions with the mindset that the possible scam or any fraud activities will going to happen. This is why a law is need for this people so that this kind of activities will be minimized.
The main obstacle to bitcoin is the price that is not stable, so many are afraid of losingLegal certainty in some countries is also uncertain.
Scam information that occurs in several countries as well as state policies that consider bitcopin illegal.
Jump to: